Member Info for Newuncle

"With respect to an update on Texan oil operations, a separate news release on this specific topic will be made when the rig arrives on site."

Never happened did it Zag

Zag,

All of the ex CEO's RNS updates looked well dodgy imo

London, 28 October 2024 - Pennpetro Energy PLC (LSE: PPP) advises that it has now recovered the key missing accounting information required to complete the Company's accounts for the Full Year ending 31 March 2024.

Tom Evans. Pennpetro's CEO says; "Frustratingly, the sudden death of Mr Anton Tarkanyi earlier this year really did put undue delays on Pennpetro getting its year end accounts completed and audited in time to avoid the suspension of trading of its shares on the LSE. Mr Tarkanyi was the financial controller for the PPP Group and his sudden passing blocked all access to our UK banking statements. With the extraordinary efforts of Mr Stephen Lunn, our new director, we have now today received the missing bank statements primarily needed to complete our accounts for the 2023/24 year end. The Company are now working closely with our accounts team and our auditors to have the PPP accounts completed and published as soon as possible. The entire board are mindful of the growing frustration of our shareholders on this matter, but I'm pleased to say that we can now see a definitive path forward to getting back on track to having our shares trading again. I can't put an exact time on when we expect the audit to be completed and the accounts to be published, but I can say we are all working hard on getting it sorted as soon as we can now that we are armed with all the information we need."

"With respect to an update on Texan oil operations, a separate news release on this specific topic will be made when the rig arrives on site. Our partners there have been going through the arduous process of changing operatorships with the Texas authorities and changing banking mechanisms, but we are hopeful to see them on the ground within weeks."

Tiger,

TBH what accounts would there be for Sep 2024 and Mar 2025 anyway....we know there's been no incomes generated by O&G since April 2024 so the accounts would dead easy to prepare and company should be able to provide them now.

Issue remains what complications remains around monies in and monies out to March 2024 and whether records keeping has been clear and able to provide an accurate statement to the auditors to sign off on. Then there is the "Going Concern" matter that Lunn claimed in his RNS has been addressed via GEM funding "agreement" being in place. Assuming GEM are still good for the money then there really is nothing else to hold up publication unless records don't support bank account monies IN/OUT and actual Debt values being proven up.

Tiger it would if it were any other company

I see Aim Higher effect is still working well here then.

At least he sold loads above 3p so he must be well pleased with his decision, shame for him that he didn't dump the lot of course and of course the buyers he encouraged to take the shares he was dumping.

Funny old game init.

Zag

100% right the more people comment on him the more he gets off on it. He will never stop or change

Ignore do not engage

Good to see finally thinking outside the box here

PPP needs to reinvent itself as GV deal looks like it's never going to happen .

PPP could go down the AI route for oil and gas or as you say anything Bitcoin related, all subject to funding etc etc

We can only hope at this time

So 3 weeks if board agrees or up to 3 months if left to shareholders

Upon the submission of a valid request, the board of directors of the company must call for an extraordinary general meeting within three weeks. In case the board fails to do so, the members can themselves call the EGM within three months of depositing the request.

Hepran

Lewis steeper is the author of several letters sent to lunn and main driver of questioning lunns motives and if he is fit to remain as chair of PPP plc. In his latest letter he said lack of action by others ie olaf and menzel suggested their lack of action meant they were supporting lunn by association. He sounded seriously fed up as everyone else is too .

March 24 accounts Sept 25 all overdue now and close to March 25 accounts being the same next

Listen to affrm, he has his finger on the pulse here, probably the only one I actually read out many of the odd balls on this BB.

I don't often agree with his super optimistic claims but at least he is polite, most of the time and can engage without being abusive.

If says an EGM is being arranged then I for one welcome it as it should bring an end to this endless delay in anything useful being issued by Lunn.

I still fear the worst is coming but hope we may yet see something that could give us just a little hope.

Problem I see with an EGM and an attempt to bin Lunn off is what RM decides to do, will he grasp the opportunity to take PPP forwards?

We can only hope RM delivers next.

Looks like lunn is ok with status quo here doubt he is even considering issuing any updates any time soon.

GW

Agreed none of the past or current management have done good for us here.

GW

Care to define poor management in what and who please?

Zag

Exactly no results then suspended as long as lunn wants. Sometimes execs don't actually deliver what shareholders expect just the opposite

Zag

We are talking results to march 2024 they are so old now that results for Sept 2024 and March 2025 are also now overdue as well.

Hepran

The voice of reason as always here, shame some just cannot see what we see re timing of results from March 2024, it's way past being relevant now anyway and lunn is obviously in no hurry to issue them. People should realize all that anti lunn rhetoric has had zero positive effect .

This could stay suspended far longer than many believe unless RM gets off the pot.

Green Boxed Posters Getting Angry

Best that someone gets this thread deleted as it is clearly annoying green boxed posters big time judging by their volumes of posts, guess Lewis's letter has finally spelled it out in black and white for them now. Not long now.

Best that someone gets this thread deleted as it is clearly annoying green boxed posters big time judging by their volumes of posts, guess Lewis's letter has finally spelled it out in black and white for them now. Not long now.

BTW I can't read green boxed abusers fwiw but 99% sure their content is the same old carp

Have they actually said anything useful, no of course not. Just whining on and playing the man not the ball I bet